The creators of QTFairUse6 have made a way to rid your iTunes downloaded music of that pesky DRM and do with it as you wish, but of course this only works for the current version of iTunes (7.1.1), and unfortunately it only works for Windows.

No doubt by now Apple is working on the next version of iTunes to plug this hole so you’ll have to take advantage before the next upgrade, and Mac users will have to wait a little longer to see if something comes their way soon. Check it out: hymn via Cruchgear